New customers who open an account in February will avail an additional 9.7% time deposit rate. Hong Kong’s Mox Bank has launched new time deposit products alongside a time deposit promotion. Customers ...
Reasons to remain positive despite Hong Kong’s rise in negative equity
Cases are only a fraction of those seen during the Sars slump in 2003, and they should fall as Hong Kong reopens from Covid with more jobs being created Headline news about a big jump in negative home ...
Hong Kong stocks rebound as mainland funds buy, Baidu surges on ChatGPT rivalry while Goldman trims US recession odds
Local stocks halted a three-day slide as mainland Chinese funds turned net buyers for a second day. Goldman Sachs lowered the probability of a US recession in the next 12 months, citing faster growth ...
Hong Kong rolls out red carpet for Saudi Aramco IPO with John Lee joining official talks
Hong Kong has garnered interest in soliciting oil giant Saudi Aramco for its initial public offering. Hong Kong Chief Executive John Lee arrived in Riyadh late last week for talks with Saudi Aramco ...
Hong Kong enticing Saudi Aramco for IPO
Hong Kong has garnered interest in soliciting oil giant Saudi Aramco for its initial public offering, with the potential to use its geographical location to tap into the mainland China market while ...
HKEX’s accord with Tadawul may pave the way for Aramco’s Hong Kong listing, making the stock available to China’s investors, brokers say
"This MOU brings us one step closer towards enabling cross listings and other areas of collaboration between Saudi Arabia and Hong Kong", Tadawul's chief executive said Oil giant Saudi Aramco and ...
Disney Drops ‘Simpsons’ Episode In Hong Kong Alluding To ‘Forced Labor’ In China
It’s not the first time Disney’s landed under hot water for its apparent willingness to comply with China’s censorship laws.
HSBC predicts Israeli shekel will suffer if judicial reform passes – report
The Hongkong and Shanghai Banking Corporation (HSBC), published a report on Monday discussing the state of the New Israeli Shekel and the possible effects Israel's prospective judicial reform will ...
Hong Kong stocks close at 1-mth low as Sino-U.S. tensions rise
Hong Kong stocks closed at a one-month low and China shares fell on Monday, as elevated Sino-U.S. geopolitical tensions over a suspected spy balloon dented investor sentiment. The market also tracked ...
Hong Kong securities regulator to add virtual asset personnel to boost crypto supervision
The Securities and Futures Commission said at Legco that it is adding four new people to 'better supervise' virtual asset service providers The agency has slowed hiring from last year, but the ...
Disney+ Pulls ‘Simpsons’ Episode in Hong Kong, FT Reports
Walt Disney Co. recently removed an episode of “The Simpsons” that refers to forced labor camps in China from its streaming platform in Hong Kong, the Financial Times reported.
Carry trade returns as interest rate gap drives Hong Kong’s dollar to the weak end of its peg
The currency weakness is being fuelled by a plunge in the local cost of borrowing, which decreases the appeal of owning the Hong Kong dollar versus its US peer ...
HK Dollar Carry Trade Reignited on Biggest Yield Gap Since 2007
The Hong Kong dollar is rapidly heading toward the weak end of its trading band against the greenback as traders sell the currency to buy higher-yielding US assets.
Full resumption of cross-border travel to boost recovery of Hong Kong’s economy: financial secretary
People shop and relax at Causeway Bay in Hong Kong on January 2. Photo: cnsphoto. The full resumption of cross-border travel between the Chinese mainland and Hong Kong Special Adm ...